TORONTO, ONTARIO — (Marketwire) — 09/25/12 — In all great undertakings, progress is how we measure our path towards a goal. In Scarborough, three developers have joined together and already arrived at Progress.
A new project, at the corner of Progress Road and Sheppard Avenue East, will bring up to 400 new housing units to one of the fastest growing communities in the Greater Toronto Area.
Fortress Real Developments, Pace Developments and Empire Communities, all based in York Region, have come together in co-venture and acquired an approved 2.3 acre parcel. With an existing sales centre already on site, the project is expected to come to market later this year.
“Affordability is so important, especially for the first time home buyer,” remarked Daniel Guizzetti from Empire. “This site will offer excellent options for the first time homebuyer, for young families and to investors looking to buy units to rent for cashflow.” With award winning high rise projects including Eau du Soleil, Rain and Beyond the Sea, Empire brings trusted experience to the project-s 2 towers.
A veteran of the low rise market, PACE Development-s Dino Sciavilla sees a growing area clamoring for quality homes. “This site is in a terrific location with 3 bus lines at its doorstep and access to two major highways, the 401 and 407. Add in the new LRT line and the accessibility here is off the charts.” Across the street from the Chinese Cultural Centre of Greater Toronto and near one of the GTA-s largest mosques, the area offers a rich and diverse cultural mix.
One of the biggest draws was just how strong the demand for units in the area had become. “We don-t even have a sign up yet but every time I-m on site with consultants or trades, local people from the neighbourhood just walk up to me and ask to buy a unit! We-ve already collected 40 names just from walk ups… I-ve never seen anything like it,” exclaimed Jawad Rathore, President of Fortress Real Developments. “The appeal of this site is huge. It is everything we look for when picking a project.”
The acquisition is the second co-venture between the three companies. They have already commenced site clearing and are preparing for the start of construction in Markham, Ontario on the Mount Joy townhomes and a stunning new condo tower called -the Mark-.
With a unique combination of skill, strength, experience and savvy, the team of Empire, Pace and Fortress seem to make -progress- wherever they go.
About the Companies
Fortress Real Developments Inc. – Fortress Real Developments is a Canadian real estate development company that seeks out and analyzes opportunities in major Canadian markets. The company has placed their focus on quality projects with recognizable alpha in residential low-rise, high-rise, commercial and industrial project. For more information visit: .
Empire Communities – An award-winning builder/developer in Ontario having built some of the most successful condominium residences and master-planned single family home communities across the province. Over the past 20 years, Empire Communities has established a long-standing tradition of crafting prestigious residences with a strong emphasis on quality and outstanding customer experience that fits effortlessly into the lifestyle and priorities of its homeowners. For more information visit: .
PACE Developments Inc. – PACE Developments is a fully integrated, multi-disciplinary construction/development building company with headquarters in Ontario, Canada. The company-s building profile ranges from luxury custom built homes to subdivision and commercial office and retail. For more information visit: .
Contacts:
Media Contact
Fortress Real Developments Inc.
Natasha Alibhai, Marketing & Community Manager
(905) 787-9266 ext 235